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LIC Home Loan

LIC Housing Finance Limited (LIC HFL) offers home loan interest rates starting from 7.50% p.a. onwards for tenures of up to 30 years. It also offers home loan balance transfer/takeover facility to existing home loan borrowers of other lenders at lower interest rates and Griha Varishtha home loan to applicants having pension benefits with loan tenures of up to 80 years of their age. LIC housing Finance also offers Griha Suvidha, home loan scheme backed by Mortgage Guarantee, to salaried applicants receiving their salary in cash, self-employed applicants requiring extended loan tenure and salaried applicants nearing their retirement age requiring longer loan tenure.
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Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
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Processing Fee₹ 10,000
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Rate of Interest7.65% - 9.80%
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LIC Housing Finance Home Loan Highlights

LIC Home Loan Interest Rate 7.15% p.a. onwards
Loan Amount (LTV Ratio) 90% of the property value
Tenure Up to 30 years
Processing Charges 0.25% of the loan amount (Min. Rs 5,000 to Max. Rs 50,000)
NIL processing fees for home loans up to Rs 20 crore for women borrowers

Note: Last updated on 1st January 2026

LIC Home Loan Interest Rates

LIC home loan interest rates start from 7.15% p.a. The lender offers differentiated home loan interest rates based on the CIBIL score, loan amount, occupation profile and type of home loan scheme offered by LIC Housing Finance.

Also Check: Check Home Loan Interest Rates of all Banks & HFCs

How to Apply for LIC Home Loan?

  • Visit the official website of LIC Housing Finance
  • Click on “Apply for Home Loan”
  • “Home Loan Enquiry” page opens
  • Fill in the required details
  • Click on “Submit”

LIC Home Loan Processing Fees & Charges

The processing fees for various types of LIC home loan schemes such as Griha Prakash, Griha Shobha, Griha Bhoomi, Griha Suvidha, Griha Suvidha Asha, Advantage Plus (Housing loan component), and New Face Lift are given below:-

Loan Slab Processing fee
Up to Rs 1 crore 0.25% of the loan amount (maximum Rs 15,000)
Above Rs 1 crore and up to Rs 2 crore Rs 20,000
Above Rs 2 crore and up to Rs 5 crore Rs 25,000
Above Rs 5 crore and up to Rs 15 crore Rs 50,000
Up to Rs 20 crore for women borrowers NIL

*Minimum Processing Fees of Rs 5,000

Other Charges on LIC Home Loans

Service Charges
Prepayment Charges – Under floating rates- NIL– Under fixed rates- NIL, if paid through own sources, else 2% on prepaid loan amount
Penal Charges 1.50% per month on the defaulted instalments up to and inclusive of 12 months default and 1.75% per month on the defaulted/delayed instalment beyond 12 months default
Document retrieval charges Rs 2,500
Providing document list Rs 500
Photocopies of title documents Rs 1,000
Cheque bounce charges Rs 350
ECS/NACH dishonour charges Rs 200

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Types of LIC Home Loans

Stated below are various types of LIC Housing Finance home loan schemes:-

LIC Home Loan for Resident Indians

Purpose: LIC Housing Finance offers regular home loans to resident Indians for purchasing under-construction properties, ready to move in homes and construction of new houses.

Tenure: Up to 30 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC HFL Home Loan for Pensioners

Purpose: LIC Housing Finance offers Home Loan for Pensioners to employees of State/ Central Government, PSU insurers, PSUs and Nationalized Banks eligible for pension under Defined Benefit Pension Scheme.

Tenure: Up to 30 years, or up to 80 years of age of the applicant, whichever is earlier

LIC HFL Griha Suvidha

Purpose: LIC Housing Finance Griha Suvidha scheme is a home loan scheme backed by Mortgage Guarantee, where age and type of income does not matter. This home loan scheme is offered to applicants receiving part of their salary through cash or those requiring extended loan tenures due to their nearing retirement age. This loan scheme is also available to self-employed applicants requiring extended loan tenure.

Tenure: Up to 30 years

LIC HFL Plot Loan

Purpose: Consumers can avail LIC HFL Plot Loan for the purchase of residential plot from statutory authorities such as government bodies, development authorities and approved layout. The lender also offers Composite Loans to its applicants for plot purchase and home construction provided the construction is completed within 3 years from the date of plot purchase.

Tenure:

  • Plot Loan- Up to 15 years
  • Composite Loan- Up to 30 years

LTV Ratio

  • Plot Loan- Up to 75% of property value
  • Composite Loan- Up to 60% of the sanctioned amount should be used for plot purchase and the remaining amount should be used for home construction

LIC HFL Home Construction Loan

Purpose: LIC Housing Finance offers Home Construction Loan to existing as well as new home loan borrowers to fulfil their financial requirements for home construction purposes.

Tenure:

  • For Salaried- Up to 30 years
  • For Self-employed- Up to 25 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC HFL Home Extension Loan

Purpose: Applicants can avail Home Extension Loan from LIC Housing Finance for carrying out extension or addition of space to existing properties.

Tenure: Up to 30 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC HFL Home Renovation/Improvement Loan

Purpose: LIC Housing Finance offers Home Renovation Loan or Home Improvement Loan for improvement and renovation of existing property of its applicants.

Tenure: Up to 30 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC HFL Top-up Home Loan

Purpose: LIC Housing Finance offers Top-up Home Loan to its existing home loan borrowers over and above their existing home loans to finance their personal needs.

LIC Home Loan Balance Transfer

Purpose: Existing home loan borrowers of other banks and HFCs can avail LIC HFL Home Loan Balance Transfer facility to transfer their existing home loans to LIC Home Loan at lower interest rates.

Tenure: Up to 30 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC HFL Advantage Plus Scheme

Purpose: Existing home loan borrowers of other banks and HFCs can avail LIC Housing Finance Advantage Plus Home Loan scheme to transfer their existing home loans to LIC HFL at lower interest rates.

Tenure: Up to 30 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC HFL Home Loan for NRIs

Purpose: NRIs aspiring to own houses in India can avail LIC Housing Home Loan for NRIs to finance the purchase of under-construction or ready to move in properties and construction of own house. NRIs can also avail Plot Loans and Home Renovation Loan, Home Improvement Loan, Home Loan Balance Transfer facility and Top-up Home Loans from LIC Housing Finance.

Tenure: Up to 30 years

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh 90% of property value
Loan amount above Rs 30 lakh-Rs 75 lakh 80% of property value
Loan amount above Rs 75 lakh 75% of property value

LIC Home Loan Eligibility Criteria

LIC Housing Finance has set its home loan eligibility criteria based on the following factors.

For Griha Suvidha Home Loan

Applicants who get part of their salary in cash

  • Applicant should receive at least 70% component of the salary through banking channel
  • The maximum loan tenure is up to the retirement age of senior applicant whose income is considered for loan calculation
  • Maximum 2 cash salaried borrowers can apply as co-applicants for the loan.
  • Total gross income requirement for 1 borrower is up to Rs 30,000 per month & for more than 1 cash salaried borrower in total is up to Rs 40,000 per month

Salaried Employees having No Pension

  • If an applicant is aged 45 years and retiring at the age of 58 years, the term that can be given will be 23 years (attainment of 68 years of age), i.e. the maximum loan term can be extended by 10 more years post-retirement
  • The maximum age at the time of application of a loan will be 50 years

LIC Home Loan Eligibility for Pensioners

  • Employees working with State/Central Government, PSU insurers, PSUs, and Nationalized Banks drawing pension under Defined Benefit Pension Scheme (DBPS) who are up to 65 years of age as per last birthday can avail LIC HFL Home Loan for Pensioners.
  • The spouse must be a joint applicant irrespective of the ownership of the property
  • Children can be added as co-applicants to the home loan and their income can be added for allowing longer tenure and higher loan amount

Criteria for Top-up Home Loan

  • New applicants transferring their existing home loan from other banks/HFCs
  • Existing home loan borrowers with consistent track record of timely repayment of their home loan EMIs.

In addition to the above-mentioned LIC Home Loan eligibility criteria, the lender may also consider the credit score of its applicants while evaluating their home loan eligibility, just like other lenders do.

Documents Required for LIC Home Loan

Stated below are the home loan documents required by LIC Housing Finance during loan application process:

KYC documents

  • Pan Card
  • Aadhaar Card
  • For NRIs, a passport is required
  • Proof of residence

Income documents

  • Salary slips and Form No.16 for salaried
  • Last 3 years income tax returns along with financials for self-employed or professionals
  • Bank statements for the last 6 to 12 months

Property Documents (in case property is identified)

  • Proof of ownership of property
  • In the case of flats, the allotment letter of the builder/society
  • Up to date tax paid receipt

LIC Home Loan Customer Care/Grievance Redressal

Existing home loan borrowers of LIC Housing Finance shall log in to “Customer Portal” on the official website of the HFC to manage and review transactions and to get access to their loan details.

They can also click on “May I assist You?” option on Customer Portal, in case of any difficulties in the login procedure. The borrower can visit the “Write to us” section on the website and fill the necessary details for any service enquiry or grievance.

Click on LIC Home Loan Customer Care/Grievance Matrix to know more about the customer care and grievance redressal process of LIC HFL Home Loan.

LIC Home Loan Login

Existing borrowers can login to the customer portal through the official website of LIC Housing Finance by entering the loan account number and date of birth or by entering their ID and password. They can also login to their home loan account through LIC Home Loan mobile app, HOMY.

Steps to login to LIC Home Loan account through the official website:

  • Go to the official website of LIC Housing Finance.
  • Click on “Customer Login” and go to “Home Loans”.
  • Enter your username and password and click on “submit”
  • Alternatively, you can login by entering your loan account number and date of birth.

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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FAQs

Prospective home loan applicants can apply for LIC Home loans directly through the official website of LIC Housing Finance or by visiting HFC branches. Applicants can also apply for Home Loan through Paisabazaar.

LIC Housing Finance considers various factors such as age, credit score, monthly income, occupation profile and co-applicants while evaluating the home loan eligibility of its applicants. For more details regarding the eligibility criteria of various LIC HFL Home Loan schemes, click here.

Applicants need to provide ID proof, address proof, income proof and property documents while applying for LIC Home Loan. You can click here to know about LIC HFL Home Loan documents in detail.

LIC Housing Finance has not mentioned the maximum loan amount it offers to its home loan applicants. However, the maximum loan amount availed would depend on the maximum LTV ratio, loan tenure, EMI/NMI ratio and repayment capacity of the home loan applicants.

LIC Housing Finance charges a processing fee of 0.25% of loan amount for minimum amount of Rs 5,000 to a maximum of Rs 50,000.

Applicants can check LIC Home Loan status through the official website of LIC Housing Finance or by visiting LIC Home Loan branches. They can also call on the customer care number through existing customer portal or whatsapp on 8369998182 to enquire about their home loan status.

You can top-up your home loan directly through the official website of LIC Housing Finance or by visiting its branches. In case the lender does not offer top-up home loans, you can transfer your home loans to other lenders and avail top-up loans on them. Alternatively, you can also visit online financial marketplaces like Paisabazaar.com to transfer your home loans and avail top-ups on them.

LIC Housing Finance offers home loans at floating interest rates. Therefore, it does not charge any foreclosure fees from the applicants.

No, there are no restrictions on prepayment of LIC HFL Home Loan. The HFC does not levy any prepayment charges on home loans.

LIC Housing Finance has not set any cut-off credit score for home loan applicants. The LIC HFC also offers home loans to ‘new to credit’ applicants i.e. those who have never availed any loan or credit card in the past. However, the HFC has set lower interest rates for home loan applicants having higher credit scores, and higher interest rates for applicants having lower credit scores.

In case of joint home loans, LIC Housing Finance will consider the credit score of the applicant having the highest credit score.

Home loan borrowers of LIC Housing Finance can reduce their interest rates by paying a conversion fees of Rs.3,000 – Rs.10,000 depending on the loan amount. In case the lender does not change the home loan interest rates, borrowers can opt for home loan balance transfer facility wherein they can transfer their home loans to other lenders offering lower interest rates.

Applicants receiving part of their salary through cash can apply for Griha Suvidha Home Loan from LIC Housing Finance. However, such salaried applicants should be receiving at least 70% of their salary through banking channels.

LIC Housing Finance has not mentioned the methods to pay their home loan EMIs online. However, home loan borrowers usually pay their EMIs online through ECS or Standing Instructions where the EMI amount is deducted from their bank account.

Existing home loan borrowers of other banks and HFCs can transfer their home loans to LIC Housing Finance directly through the official website of the HFC. They can also visit HFC branches to transfer their home loans. Alternatively, such borrowers can also visit online financial marketplaces like Paisabazaar.com to transfer their existing home loans to LIC Housing Finance.

While LIC Housing Finance has not disclosed the turnaround time taken for its home loan approval process, the lender provides quick home loan sanction in its website. Lenders take 2 to 3 weeks or even more in some cases to approve home loan applications.

LIC Home Loan provisional certificate provides the complete details of the principal and interest components of your repayments for the current financial year. A home loan provisional certificate contains the borrower’s details, home loan account number, EMI dates, loan repayment details, home loan interest rate information, principal adjustments, payment updates, missed payments and part-payment details.

You can download LIC Home Loan statement either through the official website of LIC Housing Finance or through its mobile app, HOMY. You can also visit LIC Housing Finance branch to get your home loan statement.

Home loan borrowers can pay their LIC Home Loan online through the official website of LIC Housing Finance or through its LIC Home Loan app, HOMY.

LIC Home Loan borrowers can avail the yearly repayment certificate, get details their of PDCs/ECS, fetch disbursement details, check their repayment schedule for the next one year, make online payment of missed EMIs and submit their queries/ grievances through the LIC Home Loan portal.

LIC Housing Finance allows its existing home loan borrowers to close their existing home loans from their funds only. It does not allow its home loan borrowers to close their home loans through funds sourced from third parties. Once the HFC receives the payment for home loan closure, a system generated message is sent to the borrower’s registered mobile number to schedule an appointment for releasing home loan related documents. The lender then intimates its home loan borrower about the date, time and the list of documents to carry for document collection. The original title documents are returned to the borrower from the branch where the loan was serviced and only if all borrowers (in case of joint home loans) are present at the location of the document release.

LIC home loan borrowers can visit the branches of LIC Housing Finance to pay an extra EMI or make a prepayment.

LIC has not disclosed any special interest rates for its female home loan applicants. The final interest rates offered to such applicants would range between 8.00% to 10.50% p.a. depending on their occupation, credit score, monthly income and other facets of their credit profile.

The interest rates of LIC Housing Finance Top Up Home Loan range between 9.35% to 11.55% p.a.

Borrowers can download their LIC Home Loan Interest Certificates by visiting the LIC Customer portal. Alternatively, they can also (customer.lichousing.com/login) visit LIC HFL branches to obtain their home loan interest certificates.

LIC HFL has not specified any turnaround time for processing or disbursing home loans. However, lenders usually take 1 to 2 weeks to process home loan applications depending on the credit profile of the applicant, the loan approval process of lenders, etc.

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